What is Level III processing?What is Level III processing?Level III Processing is an advantage Visaand Mastercard offer to B2B and B2Gbusinesses if they meet a 2 very importantcriteria, both of which are designed to givethe buying organization better visibility andcontrol of its company spending.

Level III is not for every business and itslower interchange benefit requires strictadherence to Visa and Mastercard's rules.

Level III Processing

The transaction must bemade with a qualifyingcorporate or governmentpurchasing card

The business must capture acomprehensive list of transactiondetails for the transaction toqualify for the discounted Level IIIinterchange rates.

1

3-Steps for Lower Rates with Level III3-Steps for Lower Rates with Level III

Add Level III +Tokenization to yourConverge Account

3

2Level III Savings

on Converge

Your customer pays $4.5m + taxYour customer pays $4.5m + tax

What's captured in a Level III transaction?What's captured in a Level III transaction?

Savings with Level III

Your businessjust received a

huge governmentorder for 15,000

new desks at$300 each.

Your profits = $4.5m - processing feesYour profits = $4.5m - processing fees

THE MATH

Processing fees = ($4.5m x IR) + .10(number of units)Processing fees = ($4.5m x IR) + .10(number of units)

Just the basics

A little more detail

Just about everything

1.90%

With Level III interchangediscount, you'd pay $87k

instead of $120k+ toMastercard.

$120,750.00

StandardProcessing

Rate

2.65%

$87,000.00

Level IIIMastercard

Rate

Converge offers a Product Catalog whichhelps populate some of the required fields ina Level III transaction.

Other data, like merchant shippinginformation can be pulled automatically byConverge from your customer account, tosave time. Like any Level III application,there will be fields you'll have to enteryourself to successfully complete thetransaction.

If any required field is missing orunanswered, then the transaction may bedowngraded to a Level II or Level I(standard) transaction which will increasethe cost of the transaction. Signing up for aLevel III account does not guarantee yourtransaction will receive the Level III rate.

The Level III discount is in exchange for theadditional purchase detail you agree tocapture at every qualified transaction.Remember, the transaction must also bemade by a qualified purchasing card toreceive the discounted interchange rate.

MastercardVisa

High Volume Discount is an entirely different program withdifferent qualifying criteria. There is no amount value thatmakes a purchase eligible for Level III processing. Anytransaction can qualify so long as the right purchasing card isused and the transaction provided all of the necessarypurchase information and detail as an attachment to thetransaction at checkout.

High volume discounts ≠ Level III discounts

Do high value transactions automatically qualify for lower Level IIIDo high value transactions automatically qualify for lower Level IIIrates ?rates ?

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"NO"